Investing in Cryptocurrency For Dummies by Kiana Danial

Author:Kiana Danial [Danial, Kiana]
Language: eng
Format: epub
ISBN: 9781394200849
Publisher: Wiley
Published: 2023-07-28T00:00:00+00:00

Some disadvantages of hardware wallets include the following:

They’re the most expensive type of wallet.

They aren’t as user-friendly as other wallets, especially for beginners.

Paper wallet

A paper wallet is a super-cold crypto wallet. To use it, you print out your private and public keys. You can send funds by transferring the money to the wallet’s public address, and you can withdraw or send your currencies by entering your private keys or by scanning the QR code on the paper wallet.

Some of the advantages of paper wallets include the following:

They’re ultra hacker-proof.

You don’t store them on a computer, mobile phone, or third-party server.

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